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Ulziisaihan, 39, lives with her husband and her two children in a house in Arhangai province, Mongolia. Her older son is a secondary school student and the younger daughter is a kindergarten student. Her son will soon go to college.

She started her organic dairy product production business in 2000. Her husband helps with her business. She is well known to the locals and has many regular customers and suppliers. She makes delicious and quality products. She buys milk from herders at whole sale price and delivers her milk in her Russian car. She wants to expand her organic dairy production business which is why she wants to purchase some equipment to produce new products.

She is a very hardworking and talented women. She says "I dream to create my own brand with organic dairy products by expanding my business." She is requesting 5,000,000 MNT to purchase the equipment to produce new organic dairy products.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,398,050
    Funds lent in using Kiva
  • 1,315.0
    Mongolia Tugriks (MNT) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $3,825 helped Ulziisaihan to purchase the equipment to produce new organic dairy products.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Jun 7, 2012
Jun 21, 2012
Currency Exchange Loss:
Jul 17, 2013